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Accession Number:

AD1157306

Title:

Initiatives to Improve Free Asset Management

Author(s):

• Keller, Robert F.
• ,

Author Organization(s):

• COMPTROLLER GENERAL OF THE UNlTED STATES

Report Date:

1977-02-28

Abstract:

The Department of Defense generates funds by selling equipment which is not required to be replaced in the Department's inventory. Receipts from such sales are called "free assets." A past GAO report identified weaknesses in reporting and managing free assets. This follow up report describes the steps taken by the Department to strengthen control over free asset funds. The report also recommends that the Department improve its free asset estimates and its internal coordination in formulating free asset procedures.

Document Type:

Conference:

Journal:

Pages:

22

File Size:

0.94MB

Contracts:

Grants:

Descriptors:

• department of defense
• financial management
• air force
• foreign military sales
• procurement
• standards
• united states
• accounting
• congress
• contracts
• inventory
• accuracy
• business administration
• commodities
• comptrollers
• deficiencies
• logistics

Identifiers:

• FREE ASSET
• FOREIGN MILITARY SALES PROGRAM

SubjectCategory:

• Behavioral and Social Sciences
• Military Sciences

Communities of Interest:

• Ground and Sea Platforms

Distribution Statement:

Approved For Public Release

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